Bangkok, May 15-RATCH Group Public Company Limited in the first quarter of 2023 continues to grow, earning a profit of 1,448 million baht from new investment projects. both domestically and internationally Announcing the progress of the investment plan according to the target Increase the electricity generation business not less than 700 megawatts.
Miss Chusri Kiatkajohnkul President of RATCH Group Public Company Limited revealed that in the first quarter of this year, the company Started recognizing income from the assets of the newly invested power plants, namely RATCH Energy Rayong Power Plant 98 megawatts, Lincoln Gap 1&2 Wind Power Plant, total capacity of 212 megawatts, Snapper Point natural gas power plant, size 154 megawatts. watts in Australia, the 17.37 MW Cok San Hydroelectric Power Plant and the Song Kiang 2 Hydroelectric Power Plant. Production capacity of 17.10 megawatts in Vietnam, totaling approximately 1,479 million baht, which helps support the company's performance. to grow continuously
The electricity business still generates the main income for the company in the amount of 16,494 million baht, accounting for 97 percent of total revenue, of which 14,603 million baht is from fossil fuel power plants (88.5 percent) and The renewable energy power plant group amounted to 1,891 million baht (11.5 percent), while the non-power business group began to recognize more revenue. This quarter amounted to 511 million baht or 3% of total revenue.
In the past 3 months, the company has been able to progress as planned. by extension of RATCH Power Plant Cogeneration The production capacity of 31.2 megawatts has already begun commercial operation, distributing electricity and steam to industrial customers and the 59-bed Princ Sakon Nakhon Hospital has opened for service as well. for joint investment in the Pyton Thermal Power Plant Project 2,045 MW of installed capacity in Indonesia It is expected to be completed in the 2nd quarter and the Company will be able to recognize revenue in the 3rd quarter of this year.
In addition, 8 projects under construction and scheduled for commercial operation in 2024 with a total investment capacity of 518.66 megawatts are progressing as planned. for the Hin Kong Combined-Cycle Power Plant Project In the process of procuring fuel The 36.33 MW Calabanga Solar Power Plant project in the Philippines is in the process of financing the project and will begin construction in June. This project is considered a pioneering success in business in the Philippines.
“The company continues to move forward with investment plans to achieve the goals set. The power generation business wants to invest in increasing new production capacity. both types of fossil fuels which will mainly focus on natural gas fuel and renewable energy not less than 700 megawatts in the target countries, namely Thailand, Vietnam, Indonesia, the Philippines and Australia. green hydrogen production In developed countries such as European countries, Australia, Japan and expanding the health business base. while managing asset performance to create stability of cash flow and income as well as preparing a financing plan by considering financial instruments and costs that are suitable for the type of project. This will help the company's business expansion plan. accomplished the set goals,” said Ms. Chusri.
Performance for the first quarter of 2023, the company has total revenues of 17,005 million baht, total costs and expenses of 15,310 million baht, and profits of the company of 1,448 million baht. 224,500 million baht in total, 118,035 million baht in total liabilities and 106,465 million baht in shareholders' equity. -
Source: Thai News Agency